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Food prices

With memories of peak prices in 2007-8 still vivid, manufacturers must keep a close watch on commodity markets. Sudden shifts can have a massive, overnight impact on costs - and worsen food insecurity in developing countries.

'Sin taxes' on unhealthy foods will work, says EU report

Taxes imposed on sugary, salty or fatty foods do lead to reductions in consumption, says the European Commission in a new report. But higher taxes could also encourage consumers to...

“The IEA does not accept state money, and all of our research is independent of corporate funding.”

UK think tank denies Malaysian palm oil conflict of interest accusations

The Institute of Economic Affairs (IEA) has said categorically it does not accept state money, following accusations by a Malaysian media outlet that the UK think tank is in bed...

INFOGRAPHIC

€100m Irish organic market returns to form – but who’s buying and why?

The Irish organic food market has returned to retail value growth for the first time since 2010, but consumers may be driven more by negative perceptions of non-organic than positive...

Strong Scottish food & drink brands will install referendum confidence, says Scot food minister

Retail sales of Scottish food and drink brands in the UK rose by £513m from 2007 – figures the Scottish government says will deliver clout in the upcoming independence referendum.

Tesco boss Philip Clarke to quit after profit warning

Tesco boss Philip Clarke is to quit the embattled retailer in October, despite pledging in April to “see this job though”.

EU-Ecuador trade deal to open fish, fruit and coffee doors?

Ecuador has signed an EU tariff-free trade agreement, joining Andean neighbours Peru and Colombia five years after it initially rejected the tie-up.

UK public sector sourcing plan backs local food industry: ‘All food that can be bought locally will be bought locally’

UK prime minister David Cameron has announced plans to boost the British farming industry by sourcing public sector food locally.

Hope for cheaper, more accessible wheat as genetic blueprint of bread wheat genome unveiled

There is hope for cheaper and more accessible wheat as a draft genetic blueprint of bread wheat genome is unveiled by the International Wheat Genome Sequencing Consortium.

Global food prices fall for third consecutive month, says FAO

The FAO Food Price Index was down for a third consecutive month in June, as good supply and improved global production prospects for wheat, maize and palm oil lowered prices....

'Land grabbing' could help feed at least 300 million people, study suggests

Crops grown on "land-grabbed" areas in developing countries have the potential to feed an extra 100 million people worldwide, new research has suggested.

Mushroom cartel: EU fines canned mushroom producers in antitrust settlement

The European Commission (EC) has fined three producers of canned mushrooms more than €32 million after it ruled that they participated in a cartel to coordinate prices throughout Europe.

Brits moving to non-dairy pastures: Mintel report

There is a growing trend towards dairy alternatives in the UK, with volume sales of cow-milk alternatives such as soya, rice and buffalo milk up 155% between 2011 and 2013,...

Yeast industry faces raw material challenges as sugar quota abolishment looms

It is vital that the yeast industry is not forgotten in European sugar and energy policies if Euro-firms are to remain competitive on an increasingly international stage, according to the...

Chinese xanthan gum prices hit all time low

Xanthan prices continue to be very competitive, guar prices remain steady and cassia prices have escalated owing to a reduced crop in India, according to a hydrocolloids analyst.

EU pesticide bans: 'Overzealous' regulation threatens food security, claim ag bodies

Over-regulation in EU farming is threatening crop production, meaning the UK is falling behind overseas pesticide-using competitors, agricultural bodies warn. 

FAO: Food prices down as weather and Black Sea tensions improve

Food prices were down for a second consecutive month in May following a ten-month high, according to the United Nation’s Food and Agriculture Organization (FAO). 

Slashing global malnutrition hinges heavily on agri productivity

Rising incomes in developing countries puts an 84% drop in global malnutrition by 2050 in sight – but it won’t happen unless agricultural productivity continues to increase and climate change...

FAO outlook: Climate and politics impact to food markets but 2014 stocks remain adequate

Challenging weather conditions in various countries, coupled with continuing political tensions in the Black Sea region have made food markets more volatile, according to the FAO's first major forecast for 2014.

Austerity bites in to consumers ability to purchase fresh fruit and vegetables

Five-a-day? We can’t afford one a week, say 25% of Brits

Austerity and rising food prices have hit healthy eating habits hard in the UK, with one in four Brits revealing they have not bought any fresh fruit or vegetables in...

Guest article

No future for chocolate if cocoa farmers are deep-rooted in poverty

Chocolate could become a small and expensive niche product unless we all do more to help cocoa farmers escape poverty, writes UTZ Certified executive director Han De Groot.

Nespresso concedes in anti-trust battle: We don’t accept but we will cooperate

Nestlé's brand Nespresso will allow greater use of competitor coffee capsules in its machines following a French anti-trust investigation.

MSC to launch first sustainable seaweed standard

The Marine Stewardship Council (MSC) is expanding its sustainability standard beyond wild-capture fish and invertebrate fisheries to include wild seaweed for the first time.

EU Commission: The bees are OK, but the pesticide ban stays

Pan-European research shows that while higher bee colony mortalities do exist in some parts of the EU due to cold winter weather, bees are neither disappearing, nor is colony collapse...

FAO: Ukraine-Russia tensions and poor weather lead to sharp rise in food prices

Unfavourable weather conditions in the Asia, Brazil and the US, coupled with increased political tension in the Black Sea region have led to a steep increase in world food prices,...

Live updates from Food Vision in Cannes

The key quotes: #FoodVision in tweets

Global food and drink industry leaders at the Food Vision event in Cannes are aiming to tackle the big issues and key topics directly affecting the future of the industry...

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